mortgage: In Short Sale situations, lenders and Loan-servicing Institutions Should Make it Easier for Buyers and Realtors - 03/31/08 01:36 PM
In Short Sale situations, lenders and loan-servicing institutions should make it easier for buyers and Realtors. Lenders should help the market and provide sellers and agents with location of online department and person responsible for processing the short sale applications. Lenders should use a single industrywide short sale application and list … (1 comments)

mortgage: What Homebuyers Should Know About Basics for Mortgage - 03/31/08 10:54 AM
Loan Qualification (or "prequalification") is an opinion that your income, assets and current debts qualify you for a loan of a specified amount.  This may come from a lender or Realtor.  This opinion usually does not take your credit into account, and no one is committed by it.  Preapproval is a conditional commitment … (0 comments)

mortgage: What About U.S. Senate & House Negotiations on GSE Loan Limits? - 03/26/08 06:35 PM
On February 13, 2008, President Bush signed the U.S. Economic Stimulus Act of 2008 (H.R. 5140) into law. I strongly supported the provision of this bill which temporarily increases the FHA loan limit and GSE conforming loan limit to 125 percent of an area's median home price, up to a maximum … (2 comments)

mortgage: FHA Loan Reform Needs to Pass Both U.S. House & Senate and Move to President Bush for Signature - 03/20/08 06:41 PM
FHA Reform has passed both the U.S. House and Senate and is currently in a conference committee to work out the final details of the legislation.  The pivotal concern of FHA Reform is the increase in loan limits.  The Senate version only calls for an increase to $417,000 while the House … (0 comments)

mortgage: New FHA Loan Limits Are Now In Effect - 03/20/08 10:07 AM
New FHA Loan Limits are now in effect.  Orange County, CA: $729,750 Los Angeles County: $729,750 Riverside County: $500,000 San Bernardino County: $500,000 San Diego County: $697,500 … (0 comments)

mortgage: Will Mortgage Rates Follow the FED Rate Cut of 3/4 Point on March 18? - 03/19/08 03:20 PM
The FED dropped its short term rate by 3/4 point on March 18, 2008.  There is question, however, whether mortgage rates will follow.  Banks continue to be careful to lend money.  Investors are careful about mortgage back securities, the market that has been blassted by defaults during the subprime mortgage collapse.  Instead of … (0 comments)

 
Real Estate Agent: Harrison K. Long - Realtor, Broker & Lawyer (Explore Group, Coldwell Banker Previews)
Harrison K. Long - Realtor, Broker & Lawyer
Irvine, CA
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Explore Group, Coldwell Banker Previews

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